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Key ASIC points to new corporate exercise as share price hits seven-year high

Mimi Sabreena 8:13:00 PM Informasi

KUALA LUMPUR (Oct 11): Key Asic Bhd, whose shares reached a seven-year high today and was the most active counter on the local stock exchange, revealed that it is in the midst of "undertaking a corporate exercise".

The details of the exercise, however, have not been finalised yet at this juncture, it said in a brief Bursa Malaysia filing.

“The company will make the necessary announcements to Bursa Malaysia Securities Bhd in the event we proceed with the said corporate exercise,” its filing read.

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